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Proposed TC Modifications (To Be Effective Fiscal Year 2024)

1) C613 To record general property, plant and equipment permanently removed or partially impaired, 

but not yet disposed. 

Reference: USSGL Implementation Guidance: FASAB FFATR No. 14 "Accounting for the Disposal of 

General Property, Plant and Equipment", and FASAB SFFAS No. 44, and "Accounting for Impairment of 

General Property, Plant, and Equipment Remaining in Use", and SFFAS 54 “Leases”, Par. 53. 

Budgetary Entry 

None 

Proprietary Entry 

Debit 173900 Accumulated Depreciation on Buildings, Improvements, and Renovations 

Debit 174900 Accumulated Depreciation on Other Structures and Facilities 

Debit 175900 Accumulated Depreciation on Equipment 

Debit 181900 Accumulated Depreciation on Assets Under Capital Lease 

Debit 182900 Accumulated Amortization on Leasehold Improvements 

Debit 183900 Accumulated Amortization on Internal-Use Software 

Debit 184900 Allowance for Depletion 

Debit 189900 Accumulated Depreciation on Other General Property, Plant, and Equipment

Debit 195900 Accumulated Amortization on Lessee Lease Assets

Debit 199500 General Property, Plant, and Equipment Permanently Removed but Not Yet Disposed 

Debit 729000 Other Losses 

Debit 729200 Other Losses From Impairment of Assets 

Credit 172000 Construction-in-Progress 

Credit 173000 Buildings, Improvements, and Renovations 

Credit 174000 Other Structures and Facilities 

Credit 175000 Equipment 

Credit 181000 Assets Under Capital Lease 

Credit 182000 Leasehold Improvements 

Credit 183000 Internal-Use Software 

Credit 183200 Internal-Use Software in Development 

Credit 184000 Other Natural Resources 

Credit 189000 Other General Property, Plant, and Equipment

Credit 195000 Lessee Right-To-Use Lease Asset 

Credit 719000 Other Gains

2) C420 To record accrued revenue or other financing sources without budgetary impact.

Comment: Receivables from non-federal sources are not budgetary resources until collected. This 

transaction should be used if you have a receivable recorded from a transaction with nonfiduciary 

deposit funds. See USSGL TC F124 for the preclosing adjusting entry recorded at year-end.

Reference: Per OMB Circular No. A-11, the Budget totals exclude amounts from deposit fund 

transactions because the funds are not owned by the Government. Therefore, the budget records 
Page 2 of 8 IRC Handout 08/23/2023

transactions between deposit funds and budgetary accounts as transactions with public. Other USSGL 

Guidance: Accounting and Reporting Exchange Stabilization Fund 

Budgetary Entry 

None 

Proprietary Entry 

Debit 131000 Accounts Receivable 

Debit 132000 Funded Employment Benefit Contributions Receivable 

Debit 134000 Interest Receivable - Not Otherwise Classified 

Debit 134100 Interest Receivable - Loans 

Debit 134200 Interest Receivable - Investments 

Debit 134300 Interest Receivable - Taxes 

Debit 134900 Interest Receivable on Uninvested Funds 

Debit 136000 Penalties and Fines Receivable - Not Otherwise Classified 

Debit 136100 Penalties and Fines Receivable - Loans 

Debit 136300 Penalties and Fines Receivable - Taxes 

Debit 137000 Administrative Fees Receivable - Not Otherwise Classified 

Debit 137100 Administrative Fees Receivable - Loans 

Debit 137300 Administrative Fees Receivable - Taxes 

Debit 137400 Criminal Restitution Receivable 

Debit 138100 Interest Receivable - Loans - Troubled Assets Relief Program 

Debit 138400 Interest Receivable - Foreign Currency Denominated Assets 

Credit 510000 Revenue From Goods Sold 

Credit 520000 Revenue From Services Provided 

Credit 531000 Interest Revenue - Other 

Credit 531100 Interest Revenue - Investments 

Credit 531200 Interest Revenue - Loans Receivable/Uninvested Funds 

Credit 532000 Penalties and Fines Revenue 

Credit 532500 Administrative Fees Revenue 

Credit 540000 Funded Benefit Program Revenue 

Credit 550000 Insurance and Guarantee Premium Revenue 

Credit 560000 Donated Revenue - Financial Resources 

Credit 577500 Non-Budgetary Financing Sources Transferred In 

Credit 590000 Other Revenue

Credit 593000 Lessor Lease Revenue
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3) B402 To record the delivery of goods or services and to accrue a liability.

Budgetary Entry 

Debit 480100 Undelivered Orders - Obligations, Unpaid 

Credit 490100 Delivered Orders - Obligations, Unpaid

Proprietary Entry 

Debit 610000 Operating Expenses/Program Costs 

Debit 615000 Expensed Asset 

Debit 640000 Benefit Expense 

Debit 690000 Non-Production Costs

Debit 693000 Lessee Lease Expense

Credit 211000 Accounts Payable 

Credit 213000 Contract Holdbacks 

Credit 219000 Other Liabilities With Related Budgetary Obligations

4) B107 To record payment and disbursement of funds not previously accrued.

Budgetary Entry 

Debit 451000 Apportionments 

Debit 461000 Allotments - Realized Resources 

Debit 462000 Unobligated Funds Exempt From Apportionment 

Debit 480100 Undelivered Orders - Obligations, Unpaid 

Credit 490200 Delivered Orders - Obligations, Paid

Proprietary Entry 

Debit 610000 Operating Expenses/Program Costs

Debit 693000 Lessee Lease Expense

Credit 101000 Fund Balance With Treasury

5) B110 To record a confirmed disbursement schedule where an unpaid delivered order was previously 

accrued.

Comment: Clearing from unpaid to paid. Also post TC B235 if funded by a direct appropriation. For a 

confirmed disbursement schedule where an upward adjustment of prior-year unpaid delivered orders 

was previously accrued, see USSGL TC B115.

Budgetary Entry 

Debit 490100 Delivered Orders - Obligations, Unpaid

Credit 490200 Delivered Orders - Obligations, Paid 

Proprietary Entry 

Debit 211000 Accounts Payable 

Debit 211200 Accounts Payable for Federal Government Sponsored Enterprise 

Debit 212000 Disbursements in Transit 
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Debit 213000 Contract Holdbacks 

Debit 214000 Accrued Interest Payable – Not Otherwise Classified

Debit 216000 Entitlement Benefits Due and Payable 

Debit 219000 Other Liabilities With Related Budgetary Obligations 

Debit 220000 Liability for Unpaid Insurance Claims 

Debit 221000 Accrued Funded Payroll and Leave 

Debit 221100 Withholdings Payable 

Debit 221300 Employer Contributions and Payroll Taxes Payable 

Debit 221500 Other Post Employment Benefits Due and Payable

Debit 293000 Lessee Lease Liability

Debit 294000 Capital Lease Liability 

Credit 101000 Fund Balance With Treasury

6) C109 To record the receipt of previously anticipated collections.

Budgetary Entry 

Debit 426000 Actual Collections of Governmental-Type Fees 

Debit 426100 Actual Collections of Business-Type Fees 

Debit 426200 Actual Collections of Loan Principal 

Debit 426300 Actual Collections of Loan Interest 

Debit 426400 Actual Collections of Rent 

Debit 426500 Actual Collections From Sale of Foreclosed Property 

Debit 426600 Other Actual Business-Type Collections From Non-Federal Sources 

Debit 426700 Other Actual Governmental-Type Collections From Non-Federal Sources 

Debit 427000 Other Actual Collections - Intergovernmental Cooperation Act NonFederal Pay for Services 

Debit 427300 Interest Collected From Treasury 

Debit 427600 Actual Collections From Financing Fund 

Debit 427700 Other Actual Collections - Federal/Non-Federal Exception Sources 

Credit 406000 Anticipated Collections From Non-Federal Sources 

Credit 407000 Anticipated Collections From Federal Sources

Proprietary Entry 

Debit 101000 Fund Balance With Treasury

Credit 510000 Revenue From Goods Sold 

Credit 520000 Revenue From Services Provided 

Credit 531000 Interest Revenue - Other 

Credit 531100 Interest Revenue - Investments 

Credit 531200 Interest Revenue - Loans Receivable/Uninvested Funds 

Credit 532000 Penalties and Fines Revenue 

Credit 532500 Administrative Fees Revenue 

Credit 540000 Funded Benefit Program Revenue 

Credit 550000 Insurance and Guarantee Premium Revenue

Credit 593000 Lessor Lease Revenue

7) C134 To record the refunds collected (not previously accrued as receivables) for assets purchased and 

expenses incurred in the current year.
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Comment: Reverse USSGL TC B234 for direct appropriations. Reverse USSGL TCs G120, G122, and G124 

to adjust tracked purchases. This transaction is also applicable to credit card rebates. 

Budgetary Entry 

Debit 490200 Delivered Orders - Obligations, Paid 

Credit 461000 Allotments - Realized Resources 

Credit 462000 Unobligated Funds Exempt From Apportionment

Proprietary Entry 

Debit 101000 Fund Balance With Treasury

Credit 610000 Operating Expenses/Program Costs 

Credit 650000 Cost of Goods Sold 

Credit 690000 Non-Production Costs

Credit 693000 Lessee Lease Expense

8) F336 To record the closing of revenue, expense, and other financing source accounts to cumulative 

results of operations.

Budgetary Entry 

None

Proprietary Entry 

Debit 331000 Cumulative Results of Operations

Debit 593000 Lessor Lease Revenue 

Debit 593300 Amortization of Unearned Lessor Revenue

Credit 331000 Cumulative Results of Operations

Credit 593900 Contra Revenue for Lessor Lease Revenue

Credit 693000 Lessee Lease Expense 

Credit 671300 Lessee Lease Amortization

9) D402 To record an allowance for a reduction in exchange revenue due to non-credit losses such as 

returns, allowances, and price redeterminations from non-federal sources when realization is not 

probable (less likely than not).

Comment: Reverse this transaction when collected. For reduction in exchange revenue due to credit 

losses, see TC D404 instead. For cash point-of-sale/retail transactions in which no receivable is 

recorded, credit USSGL account 299000.

Reference: USSGL implementation guidance; FASAB SFFAS No. 7, Paragraph 41; FASB “Revenue from 

Contracts with Customers” 606-10-55-23.

Budgetary Entry 

None

Proprietary Entry 

Debit 510900 Contra Revenue for Goods Sold 
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Debit 520900 Contra Revenue for Services Provided 

Debit 531500 Contra Revenue for Dividend Income Accounted for Under the Provisions of FCRA

Debit 531700 Contra Revenue for Interest Revenue - Loans Receivable 

Debit 531800 Contra Revenue for Interest Revenue - Investments 

Debit 531900 Contra Revenue for Interest Revenue - Other 

Debit 532900 Contra Revenue for Administrative Fees 

Debit 540900 Contra Revenue for Funded Benefit Program Revenue 

Debit 550900 Contra Revenue for Insurance and Guarantee Premium Revenue 

Debit 560900 Contra Revenue for Donations - Financial Resources 

Debit 561900 Contra Donated Revenue - Nonfinancial Resources 

Debit 564900 Contra Forfeiture Revenue - Cash and Cash Equivalents 

Debit 565900 Contra Forfeiture Revenue - Forfeitures of Property 

Debit 583000 Contra Revenue for Taxes - Not Otherwise Classified 

Debit 583100 Contra Revenue for Taxes - Individual 

Debit 583200 Contra Revenue for Taxes - Corporate 

Debit 583300 Contra Revenue for Taxes - Unemployment 

Debit 583400 Contra Revenue for Taxes - Excise 

Debit 583500 Contra Revenue for Taxes - Estate and Gift 

Debit 583600 Contra Revenue for Taxes - Customs 

Debit 590900 Contra Revenue for Other Revenue 

Credit 131900 Allowance for Loss on Accounts Receivable 

Credit 132900 Allowance for Loss on Taxes Receivable 

Credit 138500 Allowance for Loss on Interest Receivable - Loans – TARP

Credit 299000 Other Liabilities Without Related Budgetary Obligations
Page 7 of 8 IRC Handout 08/23/2023

Proposed New Transaction Codes (To Be Effective Fiscal Year 2024)

1) B437 To record a Lessee’s lease asset and lease liability when the Lessee takes control over the use of 

the underlying asset, per SFFAS 54, Par. 40 & Par. 49.

Reference: USSGL Implementation Guidance: SFFAS 54 Lease Guidance, SFFAS 54 “Leases”, Paragraphs

40 & 49. 

Comment: Record the amount of the lease liability (principal) covered from current budgetary

appropriations in SGL 293000 “Lessee Lease Liability.” Record any amounts of the lease liability to be 

covered by future years’ appropriations in SGL 293010 “Unfunded Lease Liability.”

Budgetary Entry 

None

Proprietary Entry

Debit 195000 Lessee Right-To-Use Lease Asset

Credit 293000 Lessee Lease Liability

Credit 293010 Unfunded Lease Liability

2) D583 To record the reclassification of principal due from Unfunded Lease Liability to Lease Liability at 

the time budget authority is received for that principal.

Reference: USSGL Implementation Guidance: Right-To-Use Leases, determined to be "Operating Lease 

With a Cancellation Clause" for Budgetary Accounting Treatment. 

Comment: See the original liability posted in TC B437. Record the amount of the lease liability 

(principal) covered from current budgetary appropriations in SGL 293000 “Lessee Lease Liability.” 

Record any amounts of the lease liability to be covered by future years’ appropriations in SGL 293010 

“Unfunded Lease Liability.”

Budgetary Entry 

None

Proprietary Entry

Debit 293010 Unfunded Lessee Lease Liability

Credit 293000 Lessee Lease Liability 

3) E127 To record a Lessee’s amortization of the right-to-use lease asset, per SFFAS 54, Par. 50.

Reference: USSGL Implementation Guidance: SFFAS 54 Lease Guidance, SFFAS 54 “Leases”, Paragraph

50.

Budgetary Entry 

None

Proprietary Entry 

Debit 671300 Lessee Lease Amortization

Credit 195900 Accumulated Amortization on Lessee Lease Assets
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4) C460 To record a Lessor’s recognition of earned revenue from the measurement of the lease 

receivable for the reporting period, per SFFAS 60, Par. 26.

Reference: USSGL Implementation Guidance: SFFAS 54 Lease Guidance, SFFAS 60 “Omnibus 

Amendments: “Leases-Related Topics”, Paragraph 26.

Budgetary Entry 

None

Proprietary Entry 

Debit 233000 Lessor Lease Unearned Revenue

Credit 593300 Amortization of Unearned Lessor Revenue

5) C129 To record a Lessor’s Lease Receivable and Unearned Revenue when the lessee takes control 

over the use of the underlying asset, per SFFAS 54, Paragraphs 50 & 64.

Reference: USSGL Implementation Guidance: SFFAS 54 Lease Guidance, SFFAS 54 “Leases”, Paragraphs

50 & 64.

Budgetary Entry 

None

Proprietary Entry 

Debit 193000 Lessor Lease Receivable

Credit 233000 Lessor Lease Unearned Revenue